Postcode district

NE21

38 for-sale listings7 to-let listingsWarm market

Median asking price

£155K

Across 38 for-sale listings

Growth, 3 years

+1.7%

A year, annualised

Gross yield

6.8%

Indicative, from listing medians

Days on market

95

Average time on market

Investment overview

Median asking price

£155K

Average £197K, range £55K to £1.3M

Gross yield

6.8%

Strong

Indicative gross yield from listing medians

Price growth

3 yr+1.7%
5 yr+2.7%
10 yr+2.9%

% a year, annualised over each horizon

Market heat

Warm

95 days average time on market

Median asking rent

£875/mo

Of 7 to-let listings

Most common type

Semi detached

3 bedrooms on average

Market data

Listings

Summary

Homes listed

45

For sale and to let

Median asking price

£155K

Asking price range

£55K to £1.3M

Homes analysed

8,520

Behind the growth and area averages

For-sale listings equal 0.4% of the homes analysed.

Strategy fit

Buy to let

Strong

Gross yield

6.8%

  • Indicative gross yield of 6.8% from listing medians
  • Median asking rent £875 a month

HMO

Strong

Median asking price

£155K

  • Low entry price (£155K) keeps conversion costs viable
  • 12% of households rent privately
  • Most listings are semi detached

Flip

Moderate

Growth, 3 years

+1.7% a year

  • Prices rising +1.7% a year over 3 years
  • Slow exits: 95 days average time on market

Recent listings

The 6 most recently updated for-sale listings, a sample of 38 in NE21.